OZM ozaurum resources limited

1.59%

6.4¢

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-41

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27/04/25

00:42

Post #: 78810876
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Originally posted by Paul88: ↑

From some of the old WAMEX Reports, I've just realised that the two historical RC holes (MG6 and MG7) are the same ones as depicted on the below OZM map (I've put a big black arrow in, pointing to them). The two historical RC holes (MG6 and MG7) were drilled around 40 years ago, and they are located only about 50m south from those three lines of shallow AC holes (MNOAC 760-785) drilled by OZM back in Feb that came up as dusters.

Historical RC hole MG6 (see cross-section below) was only drilled to a depth of 50m and hit low grade Au mineralisation from 25m and ended in mineralisation. Historical RC hole MG7 (see cross-section below) was drilled to a depth of 90m and hit 10m @ 0.76 g/t Au from 80m (ending in mineralisation and including 1m @ 5.30 g/t Au from 85m). MG6 and MG7 were drilled with a northerly orientation (at a -60 dip). So when you look at OZM's three shallow AC holes MNOAC 760, 770 and 778 (drilled with a westerly orientation at a -60 dip) located at the western extremity of drilling and which all ended in mineralisation, you can't but think what possibly could lie below at depth, just south to south-west of where the New Cross Fault gold discovery footprint is, and over the other side of the major cross fault. The other point is, if MG7 was drilled to a depth of 90m and ended in mineralisation hitting high grade gold at 85m, you'd think that the holes over the other side of the major cross-fault would be doing the same. Hopefully anyway haha and hopefully in fresh rock haha! AIMHO (DYOR).

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Nice work Paul88! It looks like they had the right idea with the azimuth of those holes, but collared them a bit too far to the south east of the cross-fault. I’d really love to see AP drill a few deeper holes, but with the collars located closer to and sub-parallel to cross-fault. If we drill those holes at the same azimuth as MG7, so they intersect the fault, I suspect we may be in for a surprise.

OZM Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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